By Are you caught in the cycle of renting and struggling with the significant increase in rental prices over the past year and a half?
Are you caught in the cycle of renting and struggling with the significant increase in rental prices over the past year and a half?
I recently spoke with a tenant who saw their rent go up from 1600 pounds per month to 1800 pounds per month for the same 2-bedroom house.
However, there is good news for those looking to enter the housing market.
A major mortgage provider has introduced a 100% mortgage loan option, meaning that no deposit is required.
To see if you are eligible, you must meet the following criteria:
- a track record of paying bills and rent on time,
- have rented for at least 12 out of the last 18 months,
- your mortgage payment must be equal to or lower than the average rent for the past 6 months,
- and the mortgage term cannot exceed 35 years.
Additionally, the mortgage must be between 5,000 and 600,000 pounds.
This is currently the only product of its kind on the market. If you are interested in learning more or scheduling an urgent mortgage appointment with a recommended local mortgage provider, please fill out the contact form below and we will help you book an appointment exclusively.
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